The USD is under pressure, and record hunting is making the rounds. In recent weeks, trading activity has resulted in several very interesting records for foreign exchange rates. It started with USDCAD dipping almost below 0.90 and GBPUSD reaching 2.1170. After that, both currencies came under pressure again and the race turned in favor of

Louis plc announces that it is in cooperation with Costa Croiciere, subsidiary of Carnival Corporation which is the largest cruise company in the world, and MSC Cruises for the submission of an offer for a long term lease of the cruise terminal and the cruise ship pier at the port of Marseille. The port of

Satyam Computer Services Ltd., a leading global consulting and information technology services provider, has signed up as a sponsor and official information technology services provider to the FIFA World Cups in 2010 in South Africa and 2014 in Brazil. As the official services provider, Satyam will play a crucial role in developing the core IT

The Extraordinary General Meeting of Cyprint Plc held on 23rd November 2007 in Limassol approved the resolution for issue and allocation of up to 10% (440,000 shares nominal value of CYP0,25/ EUR0,427) to the Managing Director Theodoros Antoniou, for his appointment as a Managing Director as well as to support the capital structure of the

Standard & Poor’s Ratings Services said today that the results of the post-election talks that will determine who forms the next Croatian government will not have a direct impact on the sovereign credit ratings on the Republic of Croatia (foreign currency BBB/Stable/A-3, local currency BBB+/Stable/A-2). Both main parties, The Croatian Democratic Union (HDZ) and the

European Central Bank Vice-President Lucas Papademos said the ECB is faced with an ‘uncomfortable’ combination of rising inflation and slower growth in the months ahead, adding that the euro’s appreciation is helping to curb inflation, suggesting the bank is in no rush to raise interest rates. Speaking in Nicosia on Monday at a function organised

Head of European Commission Representation in Cyprus Themis Themistocleous said that the singe market was today more important than ever before, adding that it however needed to become more thriving, proving its capability of being adjusted to the global environment of the 21st century.Addressing a presentation on the Single Market Review, at the EU House,

The Statistical Service has released budget figures confirming earlier statements by the Minister of Finance, Michalis Sarris, that the government is running a budget surplus. On the basis of the preliminary data on the General Government accounts for the period January-September 2007, compiled in accordance to EU concepts and definitions, total revenue amounted to CYP